Sold LTS Getting Jittery Too Much Werthers Candy

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August 14, 2008

Hey it might be for grandparents, but I love that Werthers.

I sold the LTS position. I’m getting nervous of the financials and that my sell this morning although was protective, looks like it was the wrong call. The market has sold off some due to the financials selling off their highs. 1.3% gain. Meanwhile HOGS has hit a new high on the day.

I may even try to short the indexes again. I’m a glutton for punishment. Seriously I have expectations a for downside move and damnit its going to happen. At least I hope it does.

Buy the weakness.


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  • Guest

    I agree that it looks like the market may be getting overbought here and ready to roll over. I sold out of my SEP SPY 132 calls today near the high, and took a small short position heading into options expiration and the weekend. Keep up the good work!

  • Cole

    I agree that it looks like the market may be getting overbought here and ready to roll over. I sold out of my SEP SPY 132 calls today near the high, and took a small short position heading into options expiration and the weekend. Keep up the good work!

  • http://www.stockrake.com Sensei

    Nice trade! You are on the crab right now. That’s a Deadliest Catch reference.

  • http://www.stockrake.com Sensei

    Nice trade! You are on the crab right now. That’s a Deadliest Catch reference.